Looks like subway fare-beaters are also beating the rap.

The amount of slippery straphangers getting busted for jumping the turnstile has dropped dramatically in the last three months.

Some 1,594 people were arrested for theft of service in October, the latest month for which the MTA provides statistics.

That’s down from 1,912 arrests for the same time in 2010 — a 17 percent nose-dive.

It follows an even bigger plummet in September, when arrests fell 20 percent over the same time period in 2010.

August also dropped by 8 percent.

But, for the year, busts for fare beating are only down about 2 percent.

The drop in arrests could be a direct consequence of the loss of hundreds of station agents in the past several years, said transit experts.